OCCUPANCY WARNING AFTER CLOSING- a must read for buyers and sellers
By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
One of the most asked questions is 'When can i take possession or when can i occupy the property after i close my deal?"Typically most buyers take occupancy upon closing the deal. If you are getting a mortgage, most mortgages require you to move in immediately. Occupancy is something you can negotiate at the time you make your offer, the seller can ask to stay for a certain amount of time after closing however you can also counter offer as a buyer with taking immediate occupancy after closing. As a buyer once you close you own it, allowing the seller to stay makes your responsible for any damages when they are living there or are moving out. If they do not move out, you are responsible to evict them.Please feel free to add any comments you have on occupancy from an agents view, buyers v...
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